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  4. Bonus Savings Account

Bonus Savings Account

  • Bonus interest with conditions
  • App banking
  • Online banking

Maximum rate p.a.

4.25%*

Base rate p.a.

2.00%

Bonus Savings Account

  • Bonus interest with conditions
  • App banking
  • Online banking

Maximum rate p.a.

4.25%*

Base rate p.a.

2.00%

RateCity says

"Consider this global institution for your savings, and enjoy no ongoing fees and no minimum balance required."

Pros and Cons

For Bonus Savings Account

Benefits

  • Better than average maximum interest rate
  • Ongoing bonus interest (conditions apply)
  • No ongoing account fees
  • No minimum balance

Drawbacks

    HSBC Rate Savings Account overview

    For Bonus Savings Account

    Account Details

    Maximum rate p.a.

    4.25%*

    Minimum age restrictions

    Base rate p.a.

    2.00%

    Maximum age restrictions

    Maximum rate condition

    *Closing balance must be at least $300 higher t...

    Minimum opening deposit

    $0

    Interest calculation method

    Whole Balance

    Target Market Determination

    Visit HSBC Bank Australia Limited to view Target Market Determination.

    Features

    Joint application available

    Is online only

    Linked account required

    Methods of Access

    Internet facility

    ATM access

    Phone facility

    Eftpos facility

    Branch access

    App

    App only

    Fees

    Account keeping fees

    $0

    Eftpos fee

    $0

    ATM withdrawal fee

    $0

    Overseas eftpos fee

    $0

    Internet transaction fee

    $0

    Over the counter deposit fee

    $0

    Phone transaction fee

    $0

    Over the counter withdrawal fee

    $0

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    Maximum rate p.a.

    5.75%

    intro 4 months then 4.40%

    Base rate p.a.

    4.40%

    MyState Bank Limited

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    • App banking
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    Maximum rate p.a.

    5.00%*

    Base rate p.a.

    0.05%

    IMB Limited

    Reward Saver

    Real Time Rating™

    • Bonus interest with conditions
    • Intro offer rate
    • App banking
    • Online banking

    Maximum rate p.a.

    5.25%

    intro 4 months then 3.25%*

    Base rate p.a.

    Not Applicable

    Westpac Banking Corporation Ltd

    Westpac Life - 18 to 29 years old

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    • App banking
    • Online banking

    Maximum rate p.a.

    5.20%*

    Base rate p.a.

    2.00%

    product data updated on

    Product data updated on 27 Apr 2024